Wonder how legal taking a percentage of future earnings forever is?
For example, could I sell you a car and say "the price is 1% of all your future earnings"?
Legally I guess I'd have to say "The car is $30k, but I'm giving you a loan at 999% interest, with repayment demands capped at 1% of your salary (upon production of salary evidence), and the loan to be forgiven in full in the case of death".
For example, could I sell you a car and say "the price is 1% of all your future earnings"?
Legally I guess I'd have to say "The car is $30k, but I'm giving you a loan at 999% interest, with repayment demands capped at 1% of your salary (upon production of salary evidence), and the loan to be forgiven in full in the case of death".